Currently situation on the WIG 20 Index is more complicated. In recent weeks, the local government is in the process of liquidation of open pension funds (OFE), which in the eyes of foreign investors does not look very interesting, and many decided to withdraw from the Polish stock market. OFE represents about 20 percent of all flow on the Polish market.
However, I believe that if the U.S. market will continue to grow that emerging market equities should also grow if do not have any bad news will show.
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| chart 1, FWIG20 H1, 2013-07-07 |
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| chart 2, FWIG20 H4, 2013-07-07 |
regards,
oscarjp
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